DekaBank Deutsche Girozentrale Has $743,000 Position in Aspen Technology, Inc. (NASDAQ:AZPN)

DekaBank Deutsche Girozentrale increased its position in shares of Aspen Technology, Inc. (NASDAQ:AZPN) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,389 shares of the technology company’s stock after purchasing an additional 200 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Aspen Technology were worth $743,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. ABLE Financial Group LLC raised its holdings in Aspen Technology by 30.8% in the 4th quarter. ABLE Financial Group LLC now owns 5,390 shares of the technology company’s stock valued at $1,187,000 after acquiring an additional 1,268 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Aspen Technology in the 4th quarter valued at $31,309,000. Boston Trust Walden Corp raised its holdings in Aspen Technology by 5.5% in the 4th quarter. Boston Trust Walden Corp now owns 20,329 shares of the technology company’s stock valued at $4,475,000 after acquiring an additional 1,065 shares in the last quarter. State of Michigan Retirement System raised its holdings in Aspen Technology by 3.6% in the 4th quarter. State of Michigan Retirement System now owns 8,607 shares of the technology company’s stock valued at $1,895,000 after acquiring an additional 300 shares in the last quarter. Finally, Snider Financial Group raised its holdings in Aspen Technology by 5.2% in the 4th quarter. Snider Financial Group now owns 16,502 shares of the technology company’s stock valued at $3,633,000 after acquiring an additional 822 shares in the last quarter. 45.66% of the stock is owned by institutional investors and hedge funds.

Aspen Technology Stock Down 5.0 %

Shares of AZPN stock opened at $200.85 on Tuesday. Aspen Technology, Inc. has a twelve month low of $161.32 and a twelve month high of $242.10. The company has a market cap of $12.76 billion, a P/E ratio of -148.78, a P/E/G ratio of 2.14 and a beta of 0.77. The business has a fifty day simple moving average of $198.12 and a 200 day simple moving average of $196.55.

Aspen Technology (NASDAQ:AZPN) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.06). Aspen Technology had a positive return on equity of 2.38% and a negative net margin of 8.17%. The business had revenue of $257.16 million for the quarter, compared to the consensus estimate of $259.70 million. As a group, equities research analysts anticipate that Aspen Technology, Inc. will post 5.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AZPN has been the subject of several analyst reports. Piper Sandler reaffirmed a “neutral” rating and issued a $196.00 price objective on shares of Aspen Technology in a report on Wednesday, February 7th. StockNews.com raised Aspen Technology from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $210.25.

About Aspen Technology

Aspen Technology, Inc provides industrial software that focuses on helping customers in asset-intensive industries worldwide. The company's solutions address complex environments where it is critical to optimize the asset design, operation, and maintenance lifecycle. Its software is used in performance engineering, modeling and design, supply chain management, predictive and prescriptive maintenance, digital grid management, and industrial data management.